Hi forum, new here... Im looking for some advice on insurance... I just paid cash for a 40' hunter legend and im kinda shocked at some of the gulf coast insurance quotes im getting... so far I have compared Progressive, Boat.us, and united marine... Progressive dosent insure boats over 35 feet long, and the other 2 are right around $2500.00 a year... seems kinda high considering it's just a $35000.00 boat... Thanks Dave...

That's odd. We have had progressive for all three of our boats, and the last one being a 36 footer. They had no trouble insuring it. As I recall Boat.us (we have a full membership) was almost the same price as Progressive. We pay around $35 a month for ours, but we have an older boat that has a value of about half yours.

Insurance coverage is based on state regulations, Progressive may not cover anything over 35 ft in one state and not another... rates are also based on location, some areas are higher risk then others.

You have an old boat...anything over 20 years old gets very tough to insure properly. It may be best to carry a liability only policy and then "self insure for the rest of the boat. Remember, most boat insurance have pretty hefty named storm deductibles...so put aside those $2000 premiums you would have paid annually into an untouchable reserve fund and try to be careful to avoid hurricane areas.

Its a risk - but theres a reason why old boats are so cheap. They often are uninsurable.

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